PAYDAY LOAN REFORM ACT House SponsorsRep. David E. Miller-Angelo Saviano-Joseph M. Lyons-John A. Fritchey-Kurt M. Granberg, Mike Boland, Julie Hamos, Thomas Holbrook, Robin Kelly, Patrick J Verschoore, Maria Antonia Berrios, Mary E. Flowers, Dave Winters, Paul D. Froehlich, Lou Lang, Karen A. Yarbrough, Eddie Washington, Constance A. Howard, Marlow H. Colvin, Annazette Collins, Deborah L. Graham, Larry McKeon, Sara Feigenholtz, William B. Black, Jim Watson, Jack McGuire, Lisa M. Dugan, Brandon W. Phelps, William Davis, Kathleen A. Ryg, Naomi D. Jakobsson, Milton Patterson, Roger L. Eddy, George Scully, Jr., Monique D. Davis, Susana A Mendoza, JoAnn D. Osmond, Rosemary Mulligan, William Delgado, Richard T. Bradley, James H. Meyer, Michael K. Smith, Arthur L. Turner, Michelle Chavez, Linda Chapa LaVia, Harry Osterman, Barbara Flynn Currie, Suzanne Bassi, Patricia R. Bellock, Elizabeth Coulson, Randall M. Hultgren, Ruth Munson, David Reis, Wyvetter H. Younge, Eileen Lyons, Robert F. Flider, Careen M Gordon, Calvin L. Giles, Daniel V. Beiser, John E. Bradley, Charles E. Jefferson, Cynthia Soto, Shane Cultra, Lovana Jones and Terry R. Parke Senate Sponsors(Sen. Kimberly A. Lightford-Jacqueline Y. Collins-Jeffrey M. Schoenberg-Pamela J. Althoff-Dale A. Righter, Kwame Raoul, Donne E. Trotter, James T. Meeks, Dave Sullivan, Dale E. Risinger, Mattie Hunter, William E. Peterson, Todd Sieben, Adeline Jay Geo-Karis, M. Maggie Crotty, Don Harmon, Carol Ronen, Edward D. Maloney, Rickey R. Hendon, Iris Y. Martinez, Martin A. Sandoval, Ira I. Silverstein, Antonio Munoz, Gary Forby, Mike Jacobs, Terry Link, Miguel del Valle, Debbie DeFrancesco Halvorson, Louis S. Viverito, George P. Shadid, Deanna Demuzio, Arthur J. Wilhelmi, William R. Haine, Emil Jones, Jr. and James F. Clayborne, Jr.) 6/9/2005HousePublic Act . . . . . . . . . 94-0013 New Act20 ILCS 1205/4from Ch. 17, par. 10420 ILCS 1205/6from Ch. 17, par. 106205 ILCS 670/21from Ch. 17, par. 5427815 ILCS 505/2Zfrom Ch. 121 1/2, par. 262Z Creates the Payday Loan Reform Act. Provides that the Division of Financial Institutions of the Department of Financial and Professional Regulation shall license and regulate entities that offer payday loans (loans under which a lender accepts a post-dated check, authorization to debit a consumer's bank account, or an interest in a consumer's wages as security for the loan). Establishes requirements and restrictions applicable to license applications and licensing. Contains provisions regarding: limitations, requirements, and disclosures applicable to loan agreements, terms of loans, finance charges, and renewal of loans; revocation, suspension, and surrender of licenses; information to be available to the public; complaint handling; hearings; books and records; reports; advertising; prohibited acts; bonding; administrative rules; and other matters. Amends the Financial Institutions Code to provide for the administration of the Payday Loan Reform Act. Amends the Consumer Installment Loan Act to provide that the Act does not apply to payday loans. Provides that a violation of the Payday Loan Reform Act constitutes a violation of the Consumer Fraud and Deceptive Business Practices Act. Effective immediately.House Amendment No. 1 Adds reference to:5 ILCS 140/7from Ch. 116, par. 207Deletes everything after the enacting clause. Creates the Payday Loan Reform Act. Requires the Division of Financial Institutions of the Department of Financial and Professional Regulation to license and regulate certain entities that offer payday loans (loans under which a lender accepts a post-dated check, authorization to debit a consumer's bank account, or an interest in a consumer's wages as security for the loan). Establishes requirements and restrictions applicable to license applications and licensing. Contains provisions regulating payday loans regarding: limitations, requirements, and disclosures applicable to loan agreements, terms of loans, finance charges, and renewal of loans; revocation, suspension, and surrender of licenses; information to be available to the public; complaint handling; hearings; books and records; reports; advertising; prohibited acts; bonding; administrative rules; and other matters. Amends the Freedom of Information Act to exempt from disclosure under that Act information contained in the certified database maintained by the Division of Financial Institutions of the Department of Financial and Professional Regulation in accordance with the Payday Loan Reform Act. Amends the Financial Institutions Code to provide for the administration of the Payday Loan Reform Act. Amends the Consumer Installment Loan Act to provide that the Act does not apply to payday loans. Provides that a violation of the Payday Loan Reform Act constitutes a violation of the Consumer Fraud and Deceptive Business Practices Act. Effective 90 days after becoming law.Judicial Note (Admin Office of the Illinois Courts) Based on a review of this bill it has been determined that the legislation may cause a minimal increase in judicial workloads. However, the bill would not increase the number of judges needed in the State.Pension Note (Government Forecasting & Accountability) Would not impact any public pension fund or retirement system in Illinois.Pension Note (HA-1) (Government Forecasting & Accountability) As amended by HA1, would not impact any public pension fund or retirements system in Illinois.State Debt Impact Note (Government Forecasting & Accountability) Would not change the amount of authorization for any type of State-issued or State-supported bond, and therefore would not affect the level of State indebtedness.State Debt Impact Note (HA-1) (Government Forecasting & Accountability) As amended by HA1, would not change the amount of authorization for any type of State-issued or State-supported bond, and therefore would not affect the level of State indebtedness.Housing Affordability Impact Note (Housing Development Authority) House Bill 1100 will have no effect on constructing, purchasing, owning, or selling a single-family residence. Home Rule Note (H-AM 1)(Dept. of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, House Bill 1100 (H-AM 1) does not pre-empt home rule authority.State Mandates Fiscal Note (Economic and Fiscal Commission) In the opinion of the Department of Commerce and Economic Opportunity, House Bill 1100 (H-AM 1) does not create a State mandate under the State Mandates Act.Fiscal Note (H-AM 1) (Dept. of Financial and Prof Regulation) House Bill 1100 (H-AM 1) has a total fiscal impact of $280,823.25 to the State of Illinois.Fiscal Note (Dept of Corrections) There is not enough available data to make an objective determination regarding the impact of House Bill 1100, but the impact on the Department is expected to be minimal given that persons convicted of offenses under the Payday Loan Reform Act would be prosecuted under the Consumer Fraud and Deceptive Business Practice Act if the Payday Loan Reform Act. Each person sentenced to prison for a Class 1 felony would serve and average of 31 months at a cost of $53,909; each prison sentenced for a Class 2 felony would serve an average of 21 months at a cost of $36,519; and each person sentenced to prison for a Class 3 felony would serve an average of 13 months at a cost of $22,607. Each new admission would also require the construction of one additional prison bed at the cost of $58,485.Correctional Note (Dept of Corrections) There is not enough available data to make an objective determination regarding the impact of House Bill 1100, but the impact on the Department is expected to be minimal given that persons convicted of offenses under the Payday Loan Reform Act would be prosecuted under the Consumer Fraud and Deceptive Business Practice Act if the Payday Loan Reform Act. Each person sentenced to prison for a Class 1 felony would serve and average of 31 months at a cost of $53,909; each prison sentenced for a Class 2 felony would serve an average of 21 months at a cost of $36,519; and each person sentenced to prison for a Class 3 felony would serve an average of 13 months at a cost of $22,607. Each new admission would also require the construction of one additional prison bed at the cost of $58,485.Fiscal Note (H-AM 3) Dept of Corrections) There is not enough available data to make an objective determination regarding the impact of House Bill 1100 (H-AM 3), but the impact on the Department is expected to be minimal given that persons convicted of offenses under the Payday Loan Reform Act would be prosecuted under the Consumer Fraud and Deceptive Business Practice Act if the Payday Loan Reform Act. Each person sentenced to prison for a Class 1 felony would serve and average of 31 months at a cost of $53,909; each prison sentenced for a Class 2 felony would serve an average of 21 months at a cost of $36,519; and each person sentenced to prison for a Class 3 felony would serve an average of 13 months at a cost of $22,607. Each new admission would also require the construction of one additional prison bed at the cost of $58,485.Correctional Note (H-AM 3) (Dept of Corrections) There is not enough available data to make an objective determination regarding the impact of House Bill 1100 (H-AM 3), but the impact on the Department is expected to be minimal given that persons convicted of offenses under the Payday Loan Reform Act would be prosecuted under the Consumer Fraud and Deceptive Business Practice Act if the Payday Loan Reform Act. Each person sentenced to prison for a Class 1 felony would serve and average of 31 months at a cost of $53,909; each prison sentenced for a Class 2 felony would serve an average of 21 months at a cost of $36,519; and each person sentenced to prison for a Class 3 felony would serve an average of 13 months at a cost of $22,607. Each new admission would also require the construction of one additional prison bed at the cost of $58,485.Judicial Note (H-AM 3) (Admin Office of the Illinois Courts) Based on a review of this bill it has been determined that the legislation would neither increase nor decrease the number of judges needed in this State.Correctional Note (H-AM 2) (Dept of Corrections) There is not enough available data to make an objective determination regarding the impact of House Bill 1100 (H-AM 2), but the impact on the Department is expected to be minimal given that persons convicted of offenses under the Payday Loan Reform Act would be prosecuted under the Consumer Fraud and Deceptive Business Practice Act if the Payday Loan Reform Act. Each person sentenced to prison for a Class 1 felony would serve and average of 31 months at a cost of $53,909; each prison sentenced for a Class 2 felony would serve an average of 21 months at a cost of $36,519; and each person sentenced to prison for a Class 3 felony would serve an average of 13 months at a cost of $22,607. Each new admission would also require the construction of one additional prison bed at the cost of $58,485.Fiscal Note (H-AM 2) (Dept of Corrections) There is not enough available data to make an objective determination regarding the impact of House Bill 1100 (H-AM 2), but the impact on the Department is expected to be minimal given that persons convicted of offenses under the Payday Loan Reform Act would be prosecuted under the Consumer Fraud and Deceptive Business Practice Act if the Payday Loan Reform Act. Each person sentenced to prison for a Class 1 felony would serve and average of 31 months at a cost of $53,909; each prison sentenced for a Class 2 felony would serve an average of 21 months at a cost of $36,519; and each person sentenced to prison for a Class 3 felony would serve an average of 13 months at a cost of $22,607. Each new admission would also require the construction of one additional prison bed at the cost of $58,485.Home Rule Note (H-AM 3)(Dept. of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, House Bill 1100 (H-AM 3) does not pre-empt home rule authority.State Mandates Fiscal Note (H-AM 3)(Dept. of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, House Bill 1100 (H-AM 3) does not create a State mandate under the State Mandates Act.Fiscal Note (H-AM 3) (Dept. of Financial and Prof Regulation) House Bill 1100 (H-AM 3) has a total fiscal impact of $280,823.25 to the State of Illinois.Judicial Note (H-AM2) (Administrative Office of the Ill. Courts) Would neither increase nor decrease the number of judges needed in the State.State Mandates Fiscal Note (H-AM 2)(Dept. of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, House Bill 1100 (H-AM 2) does not create a State mandate under the State Mandates Act.Home Rule Note (H-AM 3)(Dept. of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, House Bill 1100 (H-AM 2) does not pre-empt home rule authority.Pension Note (H-AM 2) (Gov't Forecasting & Accountability) Would not impact any public pension fund or retirement system in Illinois.Pension Note (H-AM 3) (Gov't Forecasting & Accountability) Would not impact any public pension fund or retirement system in Illinois.Balanced Budget Note (Gov. Office of Management & Budget) We estimate that HB1100 will bring in a potential $142,500 in new revenue (not including additional revenue from fines and penalties), while enforcement of this bill will cost approximately $281,000.Balanced Budget Note (H-AM 1) (Gov. Office of Management & Budget) We estimate that HB1100 will bring in a potential $475,000 in new revenue (not including additional revenue from fines and penalties), while enforcement of this bill will cost approximately $281,000.Balanced Budget Note (H-AM 2) (Gov. Office of Management & Budget) We estimate that HB1100 will bring in a potential $475,000 in new revenue (not including additional revenue from fines and penalties), while enforcement of this bill will cost approximately $281,000.Balanced Budget Note (H-AM 3) (Gov. Office of Management & Budget) We estimate that HB1100 will bring in a potential $475,000 in new revenue (not including additional revenue from fines and penalties), while enforcement of this bill will cost approximately $281,000.Fiscal Note (H-AM 3) (Dept. of Financial and Prof Regulation) House Bill 1100 (H-AM 3) has a total fiscal impact of $280,823.25 to the State of Illinois. The department estimates a $475,000 increase in revenue from the annual license fees in contrast to the related costs.State Debt Impact Note (H-AM 2) (Gov. Forecasting and Accountability) Would not affect the level of State indebtedness.Housing Affordability Impact Note (H-AM 2) (Housing Development Authority) No fiscal effect on a single-family residence.Housing Affordability Impact Note (H-AM 3) (Housing Development Authority) No fiscal effect on a single-family residence.Housing Affordability Impact Note (H-AM 2) (Housing Development Authority) This legislation will have no effect on constructing, purchasing, owning, or selling a single-family residence. Housing Affordability Impact Note (H-AM 3) (Housing Development Authority) This legislation will have no effect on constructing, purchasing, owning, or selling a single-family residence. Correctional Note (Department of Corrections) There is no corrections population or fiscal impact on the Department.Fiscal Note (Department of Corrections) There is no corrections population or fiscal impact on the Department.Correctional Note (H-AM 1) (Department of Corrections) There is no corrections population or fiscal impact on the Department.Fiscal Note (H-AM 1) (Department of Corrections) There is no corrections population or fiscal impact on the Department.Correctional Note (H-AM 2) (Department of Corrections) There is no corrections population or fiscal impact on the Department.Fiscal Note (H-AM 2) (Department of Corrections) There is no corrections population or fiscal impact on the Department.Correctional Note (H-AM 3) (Department of Corrections) There is no corrections population or fiscal impact on the Department.Fiscal Note (H-AM 3) (Department of Corrections) There is no corrections population or fiscal impact on the Department.Judicial Note (H-AM 2) (Admin Office of the Illinois Courts) Would neither increase nor decrease the number of judges needed in the state.Judicial Note (H-AM 3) (Admin Office of the Illinois Courts) Would neither increase nor decrease the number of judges needed in the state.State Debt Impact Note (HA-3) (Government Forecasting & Accountability) Would not change the amount of authorization for any type of State-issued or State-supported bond, and therefore would not affect the level of State indebtedness.House Amendment No. 4 Deletes everything after the enacting clause. Creates the Payday Loan Reform Act. Requires the Division of Financial Institutions of the Department of Financial and Professional Regulation to license and regulate certain entities that offer payday loans (loans under which a lender accepts a post-dated check, authorization to debit a consumer's bank account, or an interest in a consumer's wages as security for the loan). Establishes requirements and restrictions applicable to license applications and licensing. Contains provisions regulating payday loans regarding: limitations, requirements, and disclosures applicable to loan agreements, terms of loans, finance charges, and renewal of loans; revocation, suspension, and surrender of licenses; information to be available to the public; complaint handling; hearings; books and records; reports; advertising; prohibited acts; bonding; administrative rules; and other matters. Amends the Freedom of Information Act to exempt from disclosure under that Act information contained in the database certified by the Division of Financial Institutions of the Department of Financial and Professional Regulation in accordance with the Payday Loan Reform Act. Amends the Financial Institutions Code to provide for the administration of the Payday Loan Reform Act. Amends the Consumer Installment Loan Act to provide that the Act does not apply to payday loans. Provides that a violation of the Payday Loan Reform Act constitutes a violation of the Consumer Fraud and Deceptive Business Practices Act. Effective 90 days after becoming law.Fiscal Note (H-AM4) (Dept. of Financial & Prof. Regulation) The agency foresees the need for 4 head count (2 Executive II and 2 Financial Institutions Examiner-Trainee) positions for the administration, regulation, and examination of Payday Loan providers as outlined in the bill. Personal services and related costs for 4 headcount: $280,823. An appropriation for the $280,823 estimated cost would need to be added to the agency's budget, however, the amount of revenue generated from the annual license fee would amount to $475,000 which would more than cover those costs.Judicial Note (H-AM 4) (Admin Office of the Illinois Courts) Would neither increase nor decrease the number of judges needed in the state.Home Rule Note (H-AM 4)(Dept. of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, this legislation does not pre-empt home rule authority.State Mandates Fiscal Note (H-AM 4)(Dept. of Commerce and Economic Opportunity) In the opinion of the Department of Commerce and Economic Opportunity, this legislation does not create a State mandate under the State Mandates Act.State Debt Impact Note (H-AM 4) (Government Forecasting & Accountability) Would not change the amount of authorization for any type of State-issued or State-supported bond, and therefore would not affect the level of State indebtedness.Pension Note (H-AM 4) (Government Forecasting & Accountability) Would not impact any public pension fund or retirement system in Illinois.Housing Affordability Impact Note (H-AM 4) (Housing Development Authority) No fiscal effect on a single-family residence.Correctional Note (H-AM 4) (Dept of Corrections) Corrections population impact: None. Fiscal impact: None.Fiscal Note (H-AM4) (Dept of Corrections) Corrections population impact: None. Fiscal impact: None.Land Conveyance Appraisal Note (H-AM 4) (Dept. of Transportation) As there are no parcels of land being conveyed in this bill, there are no appraisals to be filed by the Department of Transportation.Balanced Budget Note (H-AM 4) (Gov. Office of Management & Budget) Fiscal impact: Increased revenue $475,000. Associated Cost $281,000.Housing Affordability Impact Note (Housing Development Authority) No fiscal effect on a single-family residence.Senate Committee Amendment No. 1 Deletes reference to:5 ILCS 140/7Deletes everything after the enacting clause. Reinserts the provisions of the engrossed bill but makes the following changes. Provides that the Department of Financial and Professional Regulation (rather than the Division of Financial Institutions of the Department of Financial and Professional Regulation) shall regulate payday loan lenders and makes corresponding changes. Defines "certified database" and makes changes to the definition of "commercially reasonable method of verification". Makes corresponding changes. Defines "consumer reporting service" as an entity that provides a database certified by the Department. Provides that no lender may charge more than $15.50 (rather than $16) per $100 loaned on any payday loan over the term of the loan and provides that the charge is considered fully earned as of the date on which the loan is made. Deletes a provision that subtracts the unearned portion of the finance charge calculated on a simple interest basis when a consumer redeems a check or other item issued in connection with a payday loan before the loan becomes payable by paying the full amount of the check or other item. Deletes a provision that requires the lender to refund the finance charges to a consumer when the consumer repays a payday loan in full before its due date. Provides that certain information contained in the certified database regarding any consumer is strictly confidential and is exempt from disclosure under specified provisions of the Freedom of Information Act and deletes provisions amending the Freedom of Information Act to exempt the information from disclosure under different provisions of that Act. Changes various required notices to state that a repayment plan will provide the consumer at least 55 (rather than 56) days to repay the loan in installments with no additional finance charges, interest, fees, or other charges of any kind. Provides that once a loan becomes subject to a repayment plan, the loan shall not be construed to be in default until the default date provided under the terms of the repayment plan. Provides that the prohibition against rollovers of payday loans does not apply with regard to repayment plans. Provides that a licensee (now, a lender) shall pay the cost for administrative hearings under the Act. Makes other changes. Effective 180 days after becoming law.Fiscal Note (S-AM 1) (Dept. of Financial & Prof. Regulation) The agency foresees the need for 4 head count (2 Executive II and 2 Financial Institutions Examiner-Trainee) positions for the administration, regulation, and examination of Payday Loan providers as outlined in the bill. Personal services and related costs for 4 headcount: $280,823. An appropriation for the $280,823 estimated cost would need to be added to the agency's budget, however, the amount of revenue generated from the annual license fee would amount to $475,000 which would more than cover those costs.Senate Floor Amendment No. 3 Adds reference to:815 ILCS 205/4from Ch. 17, par. 6404Amends the Interest Act. Provides that it is lawful to receive and collect interest and charges as authorized by the Payday Loan Reform Act. 2/8/2005HouseFiled with the Clerk by Rep. David E. Miller 2/8/2005HouseChief Co-Sponsor Rep. Angelo Saviano 2/8/2005HouseChief Co-Sponsor Rep. Joseph M. Lyons 2/8/2005HouseChief Co-Sponsor Rep. Susana A Mendoza 2/8/2005HouseChief Co-Sponsor Rep. John A. Fritchey 2/8/2005HouseCo-Sponsor Rep. Julie Hamos 2/8/2005HouseCo-Sponsor Rep. Thomas Holbrook 2/8/2005HouseCo-Sponsor Rep. Robin Kelly 2/8/2005HouseAdded Co-Sponsor Rep. Patrick J Verschoore 2/8/2005HouseAdded Co-Sponsor Rep. Maria Antonia Berrios 2/8/2005HouseFirst Reading 2/8/2005HouseReferred to Rules Committee 2/9/2005HouseAdded Co-Sponsor Rep. Mary E. Flowers 2/9/2005HouseAdded Co-Sponsor Rep. Dave Winters 2/9/2005HouseAdded Co-Sponsor Rep. Paul D. Froehlich 2/9/2005HouseAdded Co-Sponsor Rep. Lou Lang 2/9/2005HouseAdded Co-Sponsor Rep. Karen A. Yarbrough 2/9/2005HouseAdded Co-Sponsor Rep. Eddie Washington 2/9/2005HouseAdded Co-Sponsor Rep. Constance A. Howard 2/9/2005HouseAdded Co-Sponsor Rep. Marlow H. Colvin 2/9/2005HouseAdded Co-Sponsor Rep. Annazette Collins 2/9/2005HouseAdded Co-Sponsor Rep. Deborah L. Graham 2/9/2005HouseAdded Co-Sponsor Rep. Larry McKeon 2/9/2005HouseAdded Co-Sponsor Rep. Sara Feigenholtz 2/10/2005HouseAssigned to Financial Institutions Committee 2/10/2005HouseAdded Co-Sponsor Rep. William B. Black 2/10/2005HouseAdded Co-Sponsor Rep. Jim Watson 2/10/2005HouseAdded Co-Sponsor Rep. Jack McGuire 2/10/2005HouseAdded Co-Sponsor Rep. Lisa M. Dugan 2/10/2005HouseAdded Co-Sponsor Rep. Brandon W. Phelps 2/10/2005HouseAdded Co-Sponsor Rep. William Davis 2/10/2005HouseAdded Co-Sponsor Rep. Kathleen A. Ryg 2/10/2005HouseAdded Co-Sponsor Rep. Naomi D. Jakobsson 2/16/2005HouseAdded Co-Sponsor Rep. Milton Patterson 2/17/2005HouseAdded Co-Sponsor Rep. Roger L. Eddy 2/18/2005HouseAdded Co-Sponsor Rep. George Scully, Jr. 2/18/2005HouseAdded Co-Sponsor Rep. Monique D. Davis 2/23/2005HouseAdded Co-Sponsor Rep. Kurt M. Granberg 2/24/2005HouseRemove Chief Co-Sponsor Rep. Susana A Mendoza 2/24/2005HouseAdded Chief Co-Sponsor Rep. Kurt M. Granberg 2/24/2005HouseRemoved Co-Sponsor Rep. Kurt M. Granberg 2/24/2005HouseAdded Co-Sponsor Rep. Susana A Mendoza 2/24/2005HouseAdded Co-Sponsor Rep. JoAnn D. Osmond 2/24/2005HouseAdded Co-Sponsor Rep. Rosemary Mulligan 2/24/2005HouseAdded Co-Sponsor Rep. William Delgado 2/24/2005HouseAdded Co-Sponsor Rep. Richard T. Bradley 3/8/2005HouseRemove Chief Co-Sponsor Rep. Kurt M. Granberg 3/8/2005HouseAdded Chief Co-Sponsor Rep. Mike Boland 3/8/2005HouseAdded Co-Sponsor Rep. Kurt M. Granberg 3/8/2005HouseHouse Amendment No. 1 Filed with Clerk by Financial Institutions Committee 3/8/2005HouseHouse Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote 3/8/2005HouseDo Pass as Amended / Standard Debate Financial Institutions Committee; 016-003-010 3/9/2005HousePlaced on Calendar 2nd Reading - Standard Debate 3/9/2005HouseFiscal Note Requested by Rep. David E. Miller 3/9/2005HouseState Mandates Fiscal Note Requested by Rep. David E. Miller 3/9/2005HouseBalanced Budget Note Requested by Rep. David E. Miller 3/9/2005HouseCorrectional Note Requested by Rep. David E. Miller 3/9/2005HouseHome Rule Note Requested by Rep. David E. Miller 3/9/2005HouseHousing Affordability Impact Note Requested by Rep. David E. Miller 3/9/2005HouseJudicial Note Requested by Rep. David E. Miller 3/9/2005HouseLand Conveyance Appraisal Note Requested by Rep. David E. Miller 3/9/2005HousePension Note Requested by Rep. David E. Miller 3/9/2005HouseState Debt Impact Note Requested by Rep. David E. Miller 3/10/2005HouseJudicial Note Filed 3/10/2005HouseAdded Co-Sponsor Rep. James H. Meyer 3/10/2005HousePension Note Filed 3/10/2005HousePension Note Filed As Amended by HA 1 3/10/2005HouseState Debt Impact Note Filed 3/10/2005HouseState Debt Impact Note Filed As Amended by HA 1 3/14/2005HouseHousing Affordability Impact Note Filed 3/15/2005HouseAdded Co-Sponsor Rep. Michael K. Smith 3/15/2005HouseAdded Co-Sponsor Rep. Arthur L. Turner 3/15/2005HouseAdded Co-Sponsor Rep. Michelle Chavez 3/15/2005HouseAdded Co-Sponsor Rep. Linda Chapa LaVia 3/15/2005HouseHouse Amendment No. 2 Filed with Clerk by Rep. David E. Miller 3/15/2005HouseHouse Amendment No. 2 Referred to Rules Committee 3/15/2005HouseAdded Co-Sponsor Rep. Harry Osterman 3/15/2005HouseAdded Co-Sponsor Rep. Barbara Flynn Currie 3/15/2005HouseSecond Reading - Standard Debate 3/15/2005HouseHeld on Calendar Order of Second Reading - Standard Debate 3/15/2005HouseHouse Amendment No. 3 Filed with Clerk by Rep. David E. Miller 3/15/2005HouseHouse Amendment No. 3 Referred to Rules Committee 3/16/2005HouseHome Rule Note Filed As Amended by HA 1 3/16/2005HouseState Mandates Fiscal Note Filed As Amended by HA 1 3/16/2005HouseFiscal Note Requested by Rep. Brent Hassert; As Amended by HA 3 3/16/2005HouseState Mandates Fiscal Note Requested by Rep. Brent Hassert; As Amended by HA 3 3/16/2005HouseCorrectional Note Requested by Rep. Brent Hassert; As Amended by HA 3 3/16/2005HouseHome Rule Note Requested by Rep. Brent Hassert; As Amended by HA 3 3/16/2005HouseHousing Affordability Impact Note Requested by Rep. Brent Hassert; As Amended by HA 3 3/16/2005HouseJudicial Note Requested by Rep. Brent Hassert; As Amended by HA 3 3/16/2005HousePension Note Requested by Rep. Brent Hassert; As Amended by HA 3 3/16/2005HouseCo-Sponsor Rep. Suzanne Bassi 3/16/2005HouseCo-Sponsor Rep. Patricia R. Bellock 3/16/2005HouseCo-Sponsor Rep. Elizabeth Coulson 3/16/2005HouseCo-Sponsor Rep. Randall M. Hultgren 3/16/2005HouseCo-Sponsor Rep. Ruth Munson 3/16/2005HouseCo-Sponsor Rep. David Reis 3/16/2005HouseCo-Sponsor Rep. Wyvetter H. Younge 3/16/2005HouseCo-Sponsor Rep. Eileen Lyons 3/16/2005HouseFiscal Note Filed As Amended by HA 1 3/16/2005HouseFiscal Note Filed As Amended by HA 3 3/16/2005HouseCorrectional Note Filed As Amended by HA 3 3/16/2005HouseFiscal Note Filed 3/16/2005HouseCorrectional Note Filed 3/16/2005HouseJudicial Note Filed As Amended by HA 2 3/16/2005HouseFiscal Note Requested by Rep. Brent Hassert; As Amended by HA 2 3/16/2005HouseState Mandates Fiscal Note Requested by Rep. Brent Hassert; As Amended by HA 2 3/16/2005HouseCorrectional Note Requested by Rep. Brent Hassert; As Amended by HA 2 3/16/2005HouseHome Rule Note Requested by Rep. Brent Hassert; As Amended by HA 2 3/16/2005HouseHousing Affordability Impact Note Requested by Rep. Brent Hassert; As Amended by HA 2 3/16/2005HouseJudicial Note Requested by Rep. Brent Hassert; As Amended by HA 2 3/16/2005HousePension Note Requested by Rep. Brent Hassert; As Amended by HA 2 3/16/2005HouseCorrectional Note Filed As Amended by HA 2 3/16/2005HouseFiscal Note Filed As Amended by HA 2 3/16/2005HouseHome Rule Note Filed As Amended by HA 3 3/16/2005HouseState Mandates Fiscal Note Filed As Amended by HA 3 3/16/2005HouseFiscal Note Filed As Amended by HA 3 3/16/2005HouseJudicial Note Filed As Amended by HA 3 3/16/2005HouseBalanced Budget Note Requested by Rep. David E. Miller; As Amended by HA 3 3/16/2005HouseCorrectional Note Requested by Rep. David E. Miller; As Amended by HA 3 3/16/2005HouseHousing Affordability Impact Note Requested by Rep. David E. Miller; As Amended by HA 3 3/16/2005HouseLand Conveyance Appraisal Note Requested by Rep. David E. Miller; As Amended by HA 3 3/16/2005HousePension Note Requested by Rep. David E. Miller; As Amended by HA 3 3/16/2005HouseState Debt Impact Note Requested by Rep. David E. Miller; As Amended by HA 3 3/16/2005HouseState Mandates Fiscal Note Filed As Amended by HA 2 3/16/2005HouseHome Rule Note Filed As Amended by HA 2 3/16/2005HousePension Note Filed As Amended by HA 2 3/16/2005HousePension Note Filed As Amended by HA 3 3/17/2005HouseBalanced Budget Note Filed 3/17/2005HouseBalanced Budget Note Filed As Amended by HA 1 3/17/2005HouseBalanced Budget Note Filed As Amended by HA 2 3/17/2005HouseBalanced Budget Note Filed As Amended by HA 3 3/17/2005HouseFiscal Note Filed As Amended by HA 3 (REVISED) 3/17/2005HouseState Debt Impact Note Filed As Amended by HA 2 3/17/2005HouseHousing Affordability Impact Note Filed As Amended by HA 2 3/17/2005HouseHousing Affordability Impact Note Filed As Amended by HA 3 3/22/2005HouseHousing Affordability Impact Note Filed As Amended by HA 3 3/22/2005HouseHousing Affordability Impact Note Filed As Amended by HA 2 3/22/2005HouseCorrectional Note Filed 3/22/2005HouseFiscal Note Filed 3/22/2005HouseCorrectional Note Filed As Amended by HA 1 3/22/2005HouseFiscal Note Filed As Amended by HA 1 3/22/2005HouseCorrectional Note Filed As Amended by HA 2 3/22/2005HouseFiscal Note Filed As Amended by HA 2 3/22/2005HouseCorrectional Note Filed As Amended by HA 3 3/22/2005HouseFiscal Note Filed As Amended by HA 3 3/28/2005HouseJudicial Note Filed As Amended by HA 2 3/28/2005HouseJudicial Note Filed As Amended by HA 3 4/5/2005HouseAdded Co-Sponsor Rep. Robert F. Flider 4/5/2005HouseAdded Co-Sponsor Rep. Careen M Gordon 4/5/2005HouseState Debt Impact Note Filed As Amended by HA 3 4/6/2005HouseHouse Amendment No. 4 Filed with Clerk by Rep. David E. Miller 4/6/2005HouseHouse Amendment No. 4 Referred to Rules Committee 4/6/2005HouseFiscal Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseState Mandates Fiscal Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseBalanced Budget Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseCorrectional Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseHome Rule Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseHousing Affordability Impact Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseJudicial Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseLand Conveyance Appraisal Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HousePension Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseState Debt Impact Note Requested by Rep. David E. Miller; As Amended by HA 4 4/6/2005HouseFiscal Note Filed As Amended by HA 4 4/6/2005HouseAdded Co-Sponsor Rep. Calvin L. Giles 4/6/2005HouseJudicial Note Filed As Amended by HA 4 4/7/2005HouseHome Rule Note Filed As Amended by HA 4 4/7/2005HouseState Mandates Fiscal Note Filed As Amended by HA 4 4/7/2005HouseAdded Co-Sponsor Rep. Daniel V. Beiser 4/7/2005HouseAdded Co-Sponsor Rep. John E. Bradley 4/7/2005HouseState Debt Impact Note Filed As Amended by HA 4 4/7/2005HouseHouse Amendment No. 4 Rules Refers to Financial Institutions Committee 4/8/2005HouseHouse Amendment No. 4 Recommends Be Adopted Financial Institutions Committee; 028-000-000 4/8/2005HouseAdded Co-Sponsor Rep. Charles E. Jefferson 4/8/2005HouseSecond Reading - Standard Debate 4/8/2005HouseHouse Amendment No. 4 Adopted by Voice Vote 4/8/2005HouseHeld on Calendar Order of Second Reading - Standard Debate 4/8/2005HousePension Note Filed As Amended by HA 4 4/11/2005HouseHousing Affordability Impact Note Filed As Amended by HA 4 4/11/2005HouseCorrectional Note Filed As Amended by HA 4 4/11/2005HouseFiscal Note Filed As Amended by HA 4 4/11/2005HouseLand Conveyance Appraisal Note Filed As Amended by HA 4 4/12/2005HouseBalanced Budget Note Filed As Amended by HA 4 4/12/2005HouseAdded Co-Sponsor Rep. Cynthia Soto 4/12/2005HousePlaced on Calendar Order of 3rd Reading - Standard Debate 4/12/2005HouseRemove Chief Co-Sponsor Rep. Mike Boland 4/12/2005HouseAdded Chief Co-Sponsor Rep. Kurt M. Granberg 4/12/2005HouseAdded Co-Sponsor Rep. Mike Boland 4/12/2005HouseRemoved Co-Sponsor Rep. Kurt M. Granberg 4/12/2005HouseThird Reading - Standard Debate - Passed 117-000-000 4/12/2005HouseHouse Amendment No. 2 Tabled Pursuant to Rule 40(a) 4/12/2005HouseHouse Amendment No. 3 Tabled Pursuant to Rule 40(a) 4/12/2005HouseAdded Co-Sponsor Rep. Shane Cultra 4/13/2005SenateArrive in Senate 4/13/2005SenatePlaced on Calendar Order of First Reading April 14, 2005 4/13/2005SenateChief Senate Sponsor Sen. Kimberly A. Lightford 4/13/2005SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins 4/13/2005SenateAdded as Alternate Chief Co-Sponsor Sen. Jeffrey M. Schoenberg 4/13/2005SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff 4/13/2005SenateAdded as Alternate Chief Co-Sponsor Sen. Dale A. Righter 4/13/2005SenateAdded as Alternate Co-Sponsor Sen. Kwame Raoul 4/13/2005SenateFirst Reading 4/13/2005SenateReferred to Rules 4/14/2005SenateAdded as Alternate Co-Sponsor Sen. Donne E. Trotter 4/14/2005SenateAdded as Alternate Co-Sponsor Sen. James T. Meeks 4/14/2005SenateAdded as Alternate Co-Sponsor Sen. Dave Sullivan 4/15/2005SenateAdded as Alternate Co-Sponsor Sen. Dale E. Risinger 4/19/2005SenateHousing Affordability Impact Note Filed from the Illinois Housing Development Authority. 4/19/2005SenateAdded as Alternate Co-Sponsor Sen. Mattie Hunter 4/19/2005SenateAdded as Alternate Co-Sponsor Sen. William E. Peterson 4/19/2005SenateAdded as Alternate Co-Sponsor Sen. Todd Sieben 4/19/2005SenateAdded as Alternate Co-Sponsor Sen. Adeline Jay Geo-Karis 4/20/2005SenateAdded as Alternate Co-Sponsor Sen. M. Maggie Crotty 4/20/2005SenateAdded as Alternate Co-Sponsor Sen. Don Harmon 4/20/2005SenateAdded as Alternate Co-Sponsor Sen. Carol Ronen 4/20/2005SenateAdded as Alternate Co-Sponsor Sen. Edward D. Maloney 4/21/2005SenateAssigned to Financial Institutions 4/22/2005SenateAdded as Alternate Co-Sponsor Sen. Rickey R. Hendon 5/4/2005SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins 5/4/2005SenateSenate Committee Amendment No. 1 Referred to Rules 5/4/2005SenateSenate Committee Amendment No. 1 Rules Refers to Financial Institutions 5/5/2005SenateSenate Committee Amendment No. 1 Adopted 5/5/2005SenateDo Pass as Amended Financial Institutions; 010-000-000 5/5/2005SenatePlaced on Calendar Order of 2nd Reading May 10, 2005 5/5/2005SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins 5/5/2005SenateSenate Floor Amendment No. 2 Referred to Rules 5/10/2005SenateSecond Reading 5/10/2005SenatePlaced on Calendar Order of 3rd Reading May 11, 2005 5/11/2005SenateFiscal Note Filed as amended by Senate Amendment No. 1, from the Illinois Department of Financial and Professional Regulation. 5/12/2005SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Jacqueline Y. Collins 5/12/2005SenateSenate Floor Amendment No. 3 Referred to Rules 5/16/2005SenateSenate Floor Amendment No. 3 Rules Refers to Financial Institutions 5/17/2005SenateSenate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 005-000-000 5/18/2005SenateRecalled to Second Reading 5/18/2005SenateSenate Floor Amendment No. 3 Adopted; Collins 5/18/2005SenatePlaced on Calendar Order of 3rd Reading May 19, 2005 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Iris Y. Martinez 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Martin A. Sandoval 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Ira I. Silverstein 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Antonio Munoz 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Gary Forby 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Mike Jacobs 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Terry Link 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Miguel del Valle 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Debbie DeFrancesco Halvorson 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Louis S. Viverito 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. George P. Shadid 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Deanna Demuzio 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Arthur J. Wilhelmi 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. William R. Haine 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. Emil Jones, Jr. 5/19/2005SenateAdded as Alternate Co-Sponsor Sen. James F. Clayborne, Jr. 5/19/2005SenateThird Reading - Passed; 057-001-000 5/19/2005SenateSenate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) 5/20/2005HouseArrived in House 5/20/2005HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1,3 5/20/2005HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. David E. Miller 5/20/2005HouseSenate Floor Amendment No. 3 Motion Filed Concur Rep. David E. Miller 5/20/2005HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 5/20/2005HouseSenate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee 5/23/2005HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Financial Institutions Committee 5/23/2005HouseSenate Floor Amendment No. 3 Motion to Concur Referred to Financial Institutions Committee 5/24/2005HouseSenate Committee Amendment No. 1 Motion to Concur Recommends be Adopted Financial Institutions Committee; 021-000-000 5/24/2005HouseSenate Floor Amendment No. 3 Motion to Concur Recommends be Adopted Financial Institutions Committee; 021-000-000 5/24/2005HouseAdded Co-Sponsor Rep. Lovana Jones 5/27/2005HouseAdded Co-Sponsor Rep. Terry R. Parke 5/27/2005HouseSenate Committee Amendment No. 1 House Concurs 116-000-000 5/27/2005HouseSenate Floor Amendment No. 3 House Concurs 116-000-000 5/27/2005HousePassed Both Houses 6/7/2005HouseSent to the Governor 6/9/2005HouseGovernor Approved 6/9/2005HouseEffective Date December 6, 2005 6/9/2005HousePublic Act . . . . . . . . . 94-0013